Principal Strategic Sourcing Specialist-Consulting

MED Medtronic Inc; Minnesota; On-site; USD 107,000 - 161,000; Full time

Benefits offered by this job

Health, Dental and vision insurance

401(k) with employer match

Tuition assistance/reimbursement

Well-being program

Job summary

Medtronic seeks a Principal Strategic Sourcing Specialist, Consulting, based in Fridley, Minnesota, with an onsite work model requiring four days in the office to support collaboration with key business partners. You will own sourcing strategy for a global consulting services portfolio with approximately $100M in annual spend, influencing decisions across functions, regions, and business units.

The ideal candidate thrives in a highly collaborative environment, leading complex negotiations with

Qualifications

• Bachelor's degree with 7+ years in sourcing or related field; or advanced degree with 5+ years.
• Experience leading strategic sourcing initiatives, supplier negotiations, and contract discussions across indirect spend categories.
• Experience managing cross-functional stakeholder relationships and collaborating within a matrixed organization.

Responsibilities

• Develop and execute global category strategies for consulting services.
• Lead competitive sourcing events (RFPs/RFIs) to maximize value.
• Analyze spend data, market intelligence, supplier capabilities.
• Negotiate consulting agreements and contract terms to mitigate risk.
• Partner with senior stakeholders across functions, regions, and business units to understand requirements and influence decisions.
• Prepare and present category insights, sourcing recommendations, and business cases to senior leadership.
• Manage multiple sourcing initiatives while balancing short- and long-term needs.
• Drive continuous improvement within the consulting category through supplier optimization.

Skills

Sourcing strategy

Stakeholder management

Contract negotiations

Data analysis

Cross-functional collaboration

Project management

Excel

PowerPoint

Executive presentations

Education

Bachelor's degree

Advanced degree

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

We anticipate the application window for this opening will close on - 28 Sep 2026 Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.

A Day in the Life

The Indirect Supply Management (ISM) organization develops and executes sourcing strategies that maximize enterprise value across Medtronic’s indirect spend categories. This role is part of the Global Consulting and Marketing Services team and is responsible for strategic sourcing activities within the consulting services category, partnering with stakeholders across functions, regions, and businesses to optimize supplier performance, mitigate risk, and deliver measurable business value. This position is based in Fridley, Minnesota and follows an onsite work model, requiring a minimum of four days per week in the office to support collaboration with key business partners and stakeholders. As Principal Strategic Sourcing Specialist, Consulting, you will own sourcing strategy for a global consulting services portfolio with approximately $100M in annual spend, influencing decisions that support enterprise priorities across Medtronic. Partnering directly with senior leaders across functions, regions, and business units, you will shape sourcing strategies, lead complex negotiations with top consulting firms, and drive measurable value through supplier selection, commercial optimization, and risk management. This role offers significant visibility, broad organizational impact, and the opportunity to influence how external consulting services are leveraged across a global organization. The ideal candidate thrives in a highly collaborative environment, partnering effectively with senior leaders across Medtronic and adapting to shifting priorities as new opportunities, initiatives, and transactions emerge. You will bring your strong executive presence, sound judgment, and emotional intelligence, with the ability to adjust communication and influence strategies based on the audience and situation. Success in this role requires building trusted partnerships across functions, regions, and businesses by consistently delivering results, fostering accountability, and creating value. Our team culture is one where everyone is expected to “Lead from Every Seat.” Regardless of level or title, everyone is encouraged to be bold, curious, accountable, proactively tackle challenges, and bring forward solutions.

Primary Responsibilities

• Develop and execute global category strategies for consulting services, aligning sourcing activities with business objectives and enterprise priorities.
• Lead competitive sourcing events, including Requests for Proposal (RFPs), Requests for Information (RFIs), and other sourcing processes to maximize value and supplier performance.
• Analyze spend data, market intelligence, supplier capabilities, and rate benchmarks to identify value creation opportunities and inform sourcing decisions.
• Negotiate consulting agreements, scopes of work, commercial terms, pricing structures, and contract provisions to mitigate risk and optimize business outcomes.
• Partner with senior stakeholders across functions, regions, and business units to understand requirements, build alignment, and influence sourcing decisions.
• Prepare and present category insights, sourcing recommendations, and business cases to senior leadership and executive-level stakeholders.
• Manage multiple sourcing initiatives simultaneously while balancing short‑term business needs with longer‑term category strategies.
• Drive continuous improvement opportunities within the consulting category through supplier optimization, demand management, and process enhancements.

Required Qualifications

• Bachelor's degree with a minimum of 7 years of sourcing, procurement, supply chain, or related business experience; or an advanced degree with a minimum of 5 years of sourcing, procurement, supply chain, or related business experience.
• Experience leading strategic sourcing initiatives, supplier negotiations, and contract discussions across indirect spend categories.
• Experience managing cross‑functional stakeholder relationships and collaborating within a matrixed organization.
• Experience analyzing data and market information to support sourcing strategies, business cases, and decision‑making.
• Experience managing multiple projects, priorities, and deadlines concurrently.

Preferred Qualifications

• Experience sourcing consulting services or other professional services categories.
• Experience developing category strategies and leading competitive sourcing events for complex spend portfolios.
• Advanced proficiency with Microsoft Excel and Microsoft PowerPoint for data analysis, reporting, and executive presentations.
• Experience presenting sourcing recommendations, savings opportunities, and business cases to senior leadership.
• Experience working within a global organization with cross‑regional stakeholders and suppliers.
• For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co‑workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise‑wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long‑term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Recruitment Fraud Alert

We are aware of phishing scams targeting job seekers. Please keep the following in mind: All legitimate Medtronic recruiting communications come from approved Medtronic platforms and official @medtronic.com email addresses. Medtronic will never ask for payment or sensitive personal information (such as bank account or Social Security details) during early stages of the hiring process. Any such requests are not legitimate. If you receive a suspicious message claiming to be from Medtronic, do not respond, click links, or open attachments.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD):$107,200.00 - $160,800.00 This position is eligible for a short‑term incentive called the Medtronic Incentive Plan (MIP).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week:

• Health, Dental and vision insurance
• Health Savings Account
• Healthcare Flexible Spending Account
• Life insurance
• Long‑term disability leave
• Dependent daycare spending account
• Tuition assistance/reimbursement
• Simple Steps (global well‑being program)

The following benefits and additional compensation are available to all regular employees:

• Incentive plans
• 401(k) plan plus employer contribution and match
• Short‑term disability
• Paid time off
• Paid holidays
• Employee Stock Purchase Plan
• Employee Assistance Program
• Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
• Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico. Further details are available at the link below: Medtronic benefits and compensation plans

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

For sales reps and other patient facing field employees, going into a healthcare settingis considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support. This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here.